GNC Holdings (GNC) Tops Q2 EPS by 1c; Guidance Suspended; CEO Resigns
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Wedbush Downgrades GNC Corp. (GNC) to Neutral; Increasingly Limited Visibility
August 1, 2016 7:10 AM EDTWedbush downgraded GNC Corp. (NYSE: GNC) from Outperform to Neutral with a price target of $23.00 (from $31.00) amid increasingly limited visibility.
Analyst Phil Terpolilli commented, "Strategic alternative angle remains, but hard to find line of sight to fundamentals stabilization. Weak comp trends, a CEO... More
Piper Jaffray Downgrades GNC Corp. (GNC) to Neutral; Concern About CEO Exit
July 28, 2016 11:01 AM EDTPiper Jaffray downgraded GNC Corp. (NYSE: GNC) from Overweight to Neutral with a price target of $20.00 (from $38.00), saying they are concerned about the departure of the CEO.
Analyst Sean Naughton commented, "Despite slightly better than expected revenues and strong free cash... More
GNC Holdings (GNC) CEO Archbold Resigns; Interim CEO Named
July 28, 2016 6:46 AM EDTGNC Holdings, Inc. (NYSE: GNC) announced that its board of directors ("GNC Board") has appointed Robert F. Moran, an Independent Director of GNC and former Chairman and Chief Executive Officer of PetSmart, Inc. ("PetSmart"), as interim Chief Executive Officer, effective immediately. Mr. Moran replaces Michael G. Archbold, Chief Executive Officer, who is leaving the Company and has resigned from the GNC Board. Mr. Moran will remain on the GNC Board. The Company also announced that its previously announced strategic review process remains ongoing.
"As we continue the strategic review process and move with... More
